Tracking Loan Payments in Microsoft Access. Calculate Amount Paid, Due. Loan Management. Updated!

In this video, I'm going to show you how to track loan payments in Microsoft Access. We will calculate the amount paid and the amount due for each loan.

UPDATE: There was a small error in the original version of this video. It has been fixed. New stuff at (16:23)

Bryce from Chula Vista, California (a Gold Member) asks: I need to track payments for loans that my company services. I have the loan amount, the start date of the loan, and the number of months. I don't need full loan amortization as that's already been figured out. I just need to generate a list of the monthly payments (amount divided by number of months) and track whether each payment has been made. How would I store this in Access?

Silver Members and up get access to an Extended Cut of this video. Members will learn how to create the payment schedule automatically using a VBA loop. We will also see how to create a crosstab query to display the total payments due for all loans for each month, and how to export that query to Excel to share with others. We will also be very careful about rounding errors, and how to make sure the final loan payment includes and missing pennies. No Superman III issues here - or Office Space, depending on your preference. LOL.

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